Ann: December 2016 Quarterly Reports, page-8

A reminder of what was in the most recent quarterly:

Marketing ​

Marketing and offtake discussions are ongoing with parties who cover the major regions associated with the niobium market.
Potential project financiers are engaged with the preferred offtake partners in order to ensure a holistic marketing and financing solution.
Financing
Senior project debt funding discussions continue to progress well. The project debt arranger, a leading European bank, is continuing with various work streams to enable it to complete project due diligence work, targeting credit approval for the loan facility prior to June 2017. Cradle will provide further updates as debt funding discussions progress.

Seems to me that the company is tapping off-take partners for finance, i.e. if another company really wants the off-take, then either cash up front, or a loan, may be part of the deal. Seems like a logical and plausible approach given the strategic nature and small number of nobium producers. Good thing.

Also mentions targeting approval for the loan prior to June 2017 and regular updates as debt funding discussions progress. Good thing and that is well before the company will run out of cash.

Also, the only mention is of debt financing, rather than equity. Not conclusive, of course, but another good thing.

Patience required and opportunity to buy on dips.

My views only. DYOR